Tuesday, May 1, 2012
According to Fitch, “over the period 2007 to 2010, North American and European insurers experienced widespread rating downgrades, as 50% of the insurers reviewed in the study had their ratings downgraded by at least one notch. Of the insurers...
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Thursday, April 19, 2012
April is designated as National Financial Literacy Month. Veralytic has been asked to join the awareness campaign to promote awareness of financial education. Life insurance is an integral component of the business continuation and estate plans of...
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Wednesday, April 4, 2012
Financial strength and claims-paying ability ratings of the insurer is one of the five factors of suitability. The obvious reason being that insurance is most simply defined as an agreement for the payment of a premium today in exchange for payment ...
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Thursday, March 29, 2012
Breach of fiduciary duty continues to be the #1 controversy involved in FINRA arbitration cases so far in 2012, followed closely by negligence. Financial Industry Regulatory Authority (FINRA) recently filed a proposal to amend its arbitration...
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Thursday, March 15, 2012
The Wall Street Journal reported in December 2011 that “Canada's third-biggest insurer, Sun Life Financial Inc., will stop selling life insurance and retirement-income products directly to U.S. consumers. Sun Life's decision to retrench is a...
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Thursday, March 1, 2012
In a special report on February 6th, 2012, AM Best wrote “These difficult economic conditions have very real effects on the financial strength of an insurance company” in an article titled “Prospects Look Better, but Not Good Yet.” Financial...
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Thursday, February 16, 2012
As foretold by Veralytic in 2008 & again in 2009 insurance companies have continued to increase pricing and/or withdraw their lowest cost products. The cost of doing business in the Guaranteed Universal Life (GUL) markets has risen as the...
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Thursday, February 9, 2012
According to Bloomberg, The U.S. Securities and Exchange Commission’s (SEC) efforts to impose a fiduciary standard are delayed until the agency can do a better job of studying the cost-benefit analysis. The SEC released a study a year ago...
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Thursday, February 2, 2012
Financial strength and claims-paying ability ratings of the insurer is one of the five factors of suitability. The obvious reason being that insurance is most simply defined as an agreement for the payment of a premium today in exchange for payment ...
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Friday, January 27, 2012
Thank you to everyone who stopped by the Veralytic booth at the 46th Annual Heckerling Institute last week. The conference was a great way to successfully launch our new Veralytic brand (formerly THEInsuranceAdvisor.COM) and our new strategic...
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